Reply to Big Builds in Bethesda Not Selling

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[quote=Anonymous][quote=Anonymous]So are these houses actually private equity trying to increase housing values?  As in, they don’t care if anyone actually lives in them or not?

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I am not the PP, but I will answer.

Private equity is not buying it. It's some small time contractor registering each house as LLC independently to avoid taking liabilities. Normally any reputed builder will own the new build in their own name and not under LLC created just to register one single house. Those are the better builders and they are likely to stand behind their work and have reputation to protect. Even those ones are sometime not great, but these LLC for single house means a red flag.

I took a quick look at this property, LLC registration, address etc. It seems the first listing is done by some contractor who has not build any house previously. They are not some established builder in business for decades. No wonder some one commented about cracks and finish not being good. Seller of this house will be LLC( created just for this house) so cracks or any problems may have very little impact on builder after house is sold.

I have not seen the house. Just commenting here. I used to work in related field.

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